closing costs

Fees for final property transfer that are not included in the price of the property. Typical closing costs can include loan origination fees, discount points, appraisal fee, survey, title insurance, legal fees, real estate professional fees, prepayment of taxes and insurance, etc. While closing costs often range from 3 to 4^%^ of the purchase price of the home, they can be lower or higher, depending on geographic region or loan type.